Cubist options active on speculation of a favorable patent ruling Cubist (CBST) June 55 calls and June 47 puts are active on total call volume of 3K contracts (3K puts). June call option implied volatility is at 37, August is at 40; compared to its 26-week average of 36 according to Track Data. Active option volume suggests traders taking positions for movement on speculation of a favorable patent ruling vs.Hospira (HSP).
Hospira reappoints Dr. Sumant Ramachandra to Chief Scientific Officer Ramachandra has been reappointed to his role as Senior VP and Chief Scientific Officer effective May 17. Ramachandra returns to Hospira after a brief departure earlier this year.
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